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FOX News
Dec 27, 2012 6:00am PST
between 40 and $65,000 a year will have to pay an extra two grand to the government. gregg: coming up we'll talk with republican nick mulvaney whose house budget committee is obviously on the forefront of the fiscal talk. so we'll try to get the latest from him in just a moment. patti ann: meanwhile, gregg, we have new warnings from the treasury department that if a fiscal deal isn't reached our government will have to turn to extraordinary measures when the debt limit hits its ceiling. $16.4 trillion probably on monday. fox business network's stuart varney joins us now. hi, stu. you say this is the big story people aren't talking about? >> it is a sleeper issue, patti ann. on monday the government officially runs out of money and it can not borrow anymore. so it will have to shift all kind of cash around to make sure they can pay their bills and maybe they can do that for a couple of months. means you can kick the can, eight weeks be maybe, until the absolute crunch comes. there are consequences to this. it could be that america will be downgraded again. after all back in august of 2011
FOX News
Dec 26, 2012 4:00pm PST
the syrian government from attacks its own men, women and children. and human rights group reporting the regime shelled a bakery and a rebel held town killing 20 people, including at least 8 children. we cannot independently confirm this, of course. meanwhile, russian officials say they are set to meet with the united nations special envoy to syria this weekend. russia has repeatedly blocked the united nations from taking action against the syrian government but has recently taken steps to distance itself from the syrian regime. egypt's president mohammed morsi portion of voters opposed the enough constitution. he is calling for dialogue now to address the divisions that has polarized the nation and led to mass protests. still he had nothing concrete to offer his opponents. new document passed in a referendum with nearly 64% of the vote. critics say it restricts freedom and expands the influence of islamic law. president morsi and supporters says moderate democratic state in fighting depression, dictatorship, nepotism and corruption. the holiday shopping season is drawing to a close
FOX News
Dec 27, 2012 2:00am PST
the road. no sham toast for the treasury department. that is the day the u.s. government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is prett
FOX News
Dec 27, 2012 8:00am PST
a archaic 1947 law, unless the new bill is passed by december 31st, the government will be forced to buy vast quantities of milk at twice the wholesale rate. two bills are in congress. the senate passed one for $23 billion in savings. the house is looking to enact 35 billion. the sticking point the full house of representatives hasn't approved the bill. >> the farm bill is like this low hanging ornament on the congressional christmas tree that if they just embrace it, they can automatically come up with tens of billions of dollars in budget savings. and then they can figure out where else they need to cut spending after that. >> reporter: the secretary of agriculture tom vilsack has said his department is preparing a case the permanent law comes into effect. temporary solution is to attach a farm bill extension to the fiscal cliff legislation. harris? harris: is there anything besides milk we need to be aware of? are we looking potentially at higher prices among many farming commodities for example? >> reporter: yeah. it is not just the cows. it is the crops too. it is possibility the go
FOX News
Dec 27, 2012 3:00am PST
on the government's pay roll and will be back to school with work. here is the reaction lieutenant cornel tony schafer. when you heard the report that came out around christmas, what did you think? it is an extended montyepython skit. the idea here is that these people are not held accountable . this is but one more layier clayton of regarding the whole benghazi thing . caroline lamb when she testified show felt in the face of four dead americans that the numbers were just right. it indicated that she is incompetent and out of touch with reality. you will not see it happen again. she will not perform to standard. it is inevitable . congress is off when it is time for the holiday. they tried to find out if it was true. they haven't said the judgeds are still on the pay roll can receiving a salary. do these people still have a job? >> i am sure they do. whatever they say you need to look deeper in this case they are moved around and shuffle the chairs. these people took a bullet and they will be protected and if you can't get fired over sevore incompetence what can you get fired over. >> clayton
Search Results 0 to 4 of about 5